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200206597
<br />covenarse, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a
<br />standard mortgage clause and shall name Under as mortgagee umber as an additional Ions ayee.
<br />In the event of loss, Borrower shall site prompt notice to the insurance carrier and Ender. lender maymakeprod
<br />of loss if not male promptly by Renown.. Unless Lender and Borrower otherwise agree in writing, any insurantooproceeds,
<br />whether ur nouhc underlying insurance was required by Under, shall be applied to restoration or epwr of the Property, if
<br />the restoration or repair is norms lly feasible and Unci security is not lessened. During such repair and restoration
<br />Period. Under shall have the right to hold such insurance proceeds until lender has had an opportunity to Inspect such
<br />payments as the work is completed. Unit
<br />such Insurance proceeds, Lender shal I
<br />for public adjusters, or other third parties .
<br />the sole obligation of Borrower. If the 1
<br />lessened, the 1macancn poor reds shah be
<br />with the excess, if any, paid to Borrower
<br />rind will begin when fire notice is I
<br />Borrower hereby assigns to Lender
<br />intend under the Note orthls Seca
<br />inrance policies noveliin, the Property, insofar is such rights are applicable to the coverage of the Property. Under may
<br />use the insurance proceeds either to repair or restore the Is npmy or in pay amounts unpaid under the Note or this Security
<br />Insti ument. whether or not then due.
<br />6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal msidcricc within
<br />60 days alter the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal
<br />residence for at least one year after the date
<br />of occupancy, unless Under otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless
<br />exrcntating circumstances exist which arc bc}ond Borrower's control.
<br />7. Preservation, Maintenance and Protectionof the Property; Inspections. Boomsershall not destroy.
<br />on
<br />taking op the Properly, Rnn'owic shat
<br />pons; for inch purposes. Lender in
<br />Of progress payments as the work is n
<br />restore the Property, Burrower is not r
<br />Under or Its agent may make
<br />Under may inspect the interior of the
<br />prior to such an interior inspection spa
<br />8. Borrower's Loan App
<br />Borrower or any persons ntities a
<br />v err
<br />materially fate,malmaingorne Us
<br />information) in ncyofth with the
<br />Rumnvt 9. occupancy of of Under rte
<br />9. Pfils W per of the ot
<br />fat 9nrrowcr fails w perform the mt
<br />proceeding that tai �m kfupt camly bate
<br />us a Pmecod,ng in �,allkmptex probuce
<br />m0 waste
<br />Borrower shall maintain the
<br />such reasonable cause.
<br />i. Borrower shall be in default 'I; during the tarn application process,
<br />the direction of Borrower or with Borrower's knowledge or consent gave
<br />maticn or statements in lender on failed to provide Lender with material
<br />nual representations include, but are not Inelastic, represtntationsconcerdng
<br />lsnument or in chance laws ar
<br />whatever is reasonable or apps
<br />, including protecting amlbr .
<br />change locks. replace or hoard up doors
<br />r dangerous conditions. and have utilities
<br />(July err obligation t] do so. It Is agreed that Under Incurs no hanJny for not taking any Or all others communed under his
<br />Section 9.
<br />Any amnunty dlsburwd byUnder under this section 9 shall become additional debt of Bnrrowcr secured by this
<br />Security Instrument These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable,
<br />with such inmost, upon notice frvm Lender to Borrower requesting payment
<br />Itthis Security Instrument is on a Icaschold, Borrower shall comply with all the provisions ofthelease IfRomewer
<br />acquires fee lisle In the Property, the leasehold and the fee hide shall nor merge unless render agrees to the merger In writing
<br />10. Mortgage Insurance. If Under required Mortgage Insurance as a condition of making the Loan.
<br />Borrower shall pay the premiums required to maintain the Mort gsee Insurance in effect If, fin any reason, the Mortgage
<br />Insurance coverage required by lender ceanea m be available from the mortgage insurer that previously provided such
<br />insurance and Borrower was requircdto make separatelydesignafedpayments toward Be�r lumsfor Mongagehismance,
<br />m
<br />Borrower thall to obtain mveragewerof theMrtgagentmtm Mortgage lyinsuer,tro an
<br />l eRem, m u cost e insurer selected W divalent w the cost to Borrower of the id Mortgage a Inranm prcoverag insurer, tom an
<br />alternate mnneage 'msvrer selec2tl by lender. If s�ubemnually cquivelcm Mortgage Insurance coverage is not available,
<br />Mortgagelnsuranse. Such loss reserve shall be non- reundable, notwithstanding the tact that the Uan is ultimately paid in
<br />full, end lender shall not be required to pay Borrower any interest nr earnings on such loss reserve. Under can no longer
<br />require lass reserve payments if Mortgage homancc coverage (in the amount and for the period Nat Lender requires)
<br />provided byan insuoT tae e red by UnSer again becomes available, is obtained, and Underregmree sepumbo y designamd
<br />payments toward 1lie premiums for Mort gage Insurance. It Under required Mortgage Insurance as aeMJtion moral the
<br />lean and Borrower was required to male separately Aerie ed payments toward the premiums, for Mortgage Insurance,
<br />Borrower shall pay the premiums rarynctl to maintain Mortgage Insurance in effect, or to provide non - refundable loss
<br />until tender's ay dement for Mortgage Insurance ends in accordance with any written agreement between
<br />Borrower and 1 ender providing for such termination or until termination is required by Appl cable law_ Nothing in this
<br />Section 10 affects Borrower s obligxtlbn m p: y inmrexl at the rate provided in theNote.
<br />Mortgage Insurance reimburses lender for any entity that purchases the Note) fur certain losses it may incur if
<br />Borrowerdoesnotapythe Urn as agreed. Borroweris notapartym the Mortgage Insurance.
<br />NEBRASKA Sin6lcFmn,ly- .Lannit MU/Irtddle Mae LNIMOl ZINSTNUMF.NT Pnrm30E8 bar(pj"4(ssw;ae,)
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